Davis Select U.S. Equity ETF (BATS:DUSA) Stock Short Interest Declines 48.2%

Davis Select U.S. Equity ETF (BATS:DUSA) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 23,953 shares, a drop of 48.2% from the September 30th total of 46,212 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 38,442 shares, the short-interest ratio is currently 0.6 days.

Davis Select U.S. Equity ETF Stock Performance

Shares of BATS DUSA opened at $56.40 on Monday. The company has a market capitalization of $891.12 million, a PE ratio of 17.61 and a beta of 0.97. The company’s fifty day moving average price is $56.35 and its 200 day moving average price is $54.89. Davis Select U.S. Equity ETF has a 1 year low of $46.76 and a 1 year high of $58.53.

Hedge Funds Weigh In On Davis Select U.S. Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in Davis Select U.S. Equity ETF by 6.1% during the first quarter. Bank of America Corp DE now owns 1,631,655 shares of the company’s stock worth $82,790,000 after buying an additional 94,125 shares during the last quarter. Next Level Private LLC boosted its position in shares of Davis Select U.S. Equity ETF by 6.1% during the 2nd quarter. Next Level Private LLC now owns 461,878 shares of the company’s stock valued at $25,948,000 after acquiring an additional 26,720 shares during the last quarter. Melone Private Wealth LLC boosted its position in shares of Davis Select U.S. Equity ETF by 3.2% during the 2nd quarter. Melone Private Wealth LLC now owns 327,833 shares of the company’s stock valued at $18,418,000 after acquiring an additional 10,250 shares during the last quarter. Lunt Capital Management Inc. boosted its position in shares of Davis Select U.S. Equity ETF by 0.8% during the 3rd quarter. Lunt Capital Management Inc. now owns 157,346 shares of the company’s stock valued at $8,604,000 after acquiring an additional 1,186 shares during the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in shares of Davis Select U.S. Equity ETF in the third quarter valued at about $7,554,000.

About Davis Select U.S. Equity ETF

The Davis Select U.S. Equity ETF (DUSA) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed portfolio of US large-cap stocks. The fund seeks long-term capital growth and capital preservation. DUSA was launched on Jan 11, 2017 and is managed by Davis.